Bottom Right Default
State Name: Texas
State Name underscore: Texas
State Name dash: Texas
State Name lower underscore: texas
State Name lower dash: texas
State Name lower: texas
State Abbreviation: TX
State Abbreviation Lower: tx

If you've been following the MBS Commentary, you know what a big deal this afternoon could be. Markets have been preparing for it for weeks and MBS Live members have been on top of those movements every step of the way.

This afternoon, when markets are convulsing mere milliseconds after the Fed Announcement, MBS Live members will know what's going on before anyone else. The accuracy and speed of our real-time price stream and alerts is unmatched.

More concerns on wall street about "credit crunch" are having effects on the markets. The Dow is currently only down about 50 points, but the FED's announcement to pump capital into the ailing credit market in conjunction with more announcements about subprime write-downs have led traders to shift even more money into bonds, which is good for rates. On top of that, there is concern mounting about retail sales as retailers have reported that, although the volume of shoppers was good, they were not spending as much money.

Stay tuned for the rest of the weeks info. If the economic reports back up this market wariness, expect even lower rates.

The 10 year note is approaching 3.90, and the Fannie Mae 30 year 6.0% note is improved by 10/32nds now on the day.

About the Author

A former originator, Matthew began writing for Mortgage News Daily in 2007, covering a wide range of topics. Seeing a need in the marketplace, his focus increasingly shifted toward relating MBS and broader financial markets for loan originators.
...
more

Founded in 2004, Mortgage News Daily has established itself as a leader in housing news, analysis and data. Our innovative social media platform combines industry leading content and data with an active community of industry professionals, to accomplish our primary goal - keeping our readers informed.